Bank lending to construction companies has dropped by £1.5bn in six months – the longest such decline since 2011.
Kier FD: 'We’ll be shorted until after Brexit'Subscription
Exclusive: Kier’s finance director has claimed traders will continue to hold short-selling positions in UK’s second-largest contractor until there is certainty over Brexit.
North-west output growth eclipses UK averageSubscription
Construction output in the North-west is growing 10 times faster than the national average, according to new figures from the Office of National Statistics.
Minister for small business Kelly Tolhurst has told MPs that Prompt Payment Code signatories who do not adhere to its terms will be investigated.
The Competition and Markets Authority has launched a review of the audit sector in the wake of Carillion liquidations and concerns over conflict of interest in the sector.
Carillion’s collapse in January sent shockwaves through the industry and, indeed, the wider economy.
If HMRC attempts to recover someone else’s VAT default from your business, there are several things to do and to remember, Evan Wright explains.
Kier will release its annual results on Thursday and the big bets are split over which way the numbers will go.
Contractors are tightening their belts by reducing dividend payments and hoarding cash as the UK’s biggest construction players seek to avoid becoming the next Carillion. Here, finance editor David Price explains the financial health of the UK construction industry.
This year’s CN100 shows an industry that is split between those who are specialists in their field and making a proper margin, and those who are struggling with fragile balance sheets and highly leveraged business models.
The accusations this month that collapsed subcontractor Vaughan Engineering had been using Carillion’s liquidation as a ‘smokescreen’ to hide its own poor payment record will not surprise many in the industry.
The supply chain can now see exactly how tier ones perform on payment. Binyamin Ali assesses what this means for contracting and how subcontractors can use the data to their advantage.
For much of the 70s and 80s, construction firms were among the most vulnerable businesses in the UK. With Carillion and late payment once again exposing the sector’s high-risk nature, Lucy Alderson discovers the realities being faced by subcontractors across the industry.
It’s not been the most auspicious summer for London’s Premier League clubs looking to expand their stadiums.
‘The Retentions War’ – that was the title of Lucy Alderson’s excellent feature in the last issue of CN. While it was eye-catching, some perspective is required.
When Royal Mail shareholders cast their votes on directors’ pay last week, the results will have sent shivers through boardrooms across the country.
Corporate pay packets are being scrutinised like never before. CN analysed the accounts of the biggest listed construction firms to reveal who earns the most among the top bosses.
The Carillion story so far…
Sir Robert McAlpine’s chief executive Paul Hamer speaks exclusively to CN on working with the notoriously secretive family firm and drawing up plans for the next 150 years.
Just over 10 months ago, Construction News published the CN100 ranking of the largest UK contractors, and work is well under way on the 2018 instalment.
Six months into the job, Bam Construct CEO James Wimpenny sits down with CN to talk margins, Carillion and the shining example of Huddersfield Town.
Clancy Group looks to family for new CEOSubscription
Project starts rise 10% in latest quarterSubscription
Interserve flogs scaffolding arm to reduce debtSubscription
Kier CEO: ‘We’ll ride out short-selling’Subscription
Hinkley bid costs add to SSE's £4.6m lossSubscription
CN100: Top-10 margins fall again as debt climbsSubscription
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Royal Bam's UK profit up 38% in half-yearSubscription
Ferrovial Agroman UK hit by £31m loss in 2017Subscription
Northstone’s low-margin jobs drive loss in 2017Subscription
Esh restructures after 'growing too quickly'Subscription
Contract awards up 29% to hit £6bn in AugustSubscription